West Ham United will consult their lawyers before commenting on the FA arbitration panel's decision to rule in favour of Sheffield United who are demanding compensation from the Hammers over the Carlos Tevez affair.
The Premier League side have already fined West Ham £5.5million for fielding both Tevez and Javier Mascherano during the 2006-07 season, despite the duo being partly owned by a third party.
However, West Ham avoided a points penalty and escaped relegation at the expense of the Blades, with Tevez netting a crucial last-day winner at Manchester United.
The Bramall Lane club initially launched a legal bid to try and win back their Premier League status, before settling on a compensation claim which they hope will earn them around £30million.
A statement on West Ham's official website said: "The club need to digest the full findings of the arbitration panel and will consult lawyers before considering the next steps that we might take on this matter. It would be not be appropriate to comment further at this stage.
"With regard to the club's transfer activity this summer, we made no assumptions in terms of the arbitration panel and were only informed of the ruling on Friday.
"The only considerations taken into account were our previously stated aims of improving the first team with top-quality players committed to the future and a reduction in the size of the squad, in turn raising additional revenues for the club.
"We are delighted with the signings made in Valon Behrami, Jan Lastuvka, Walter Lopez, Herita Ilunga and David Di Michele, along with several talented young prospects recruited for our Academy.
"Furthermore, the club were able to reject a number of significant bids for first-team players during the summer.
"Our transfer policy continues to be based on sound football and business principles with the aim of taking West Ham United forward under new manager Gianfranco Zola."